Aviva today appoints Andrea Moneta, chief executive of Aviva’s European business, to its plc board with immediate effect. Andrea will join Aviva’s three existing executive directors on the board: group chief executive Andrew Moss, chief financial officer, Philip Scott and Mark Hodges, chief executive of Aviva UK Life.
Aviva is a leading provider of life and pensions products in Europe. Aviva’s European business operates in 15 countries and the region is the single biggest contributor to Aviva’s group sales. Aviva is the largest bancassurer in the region and sales through this channel increased by 13% in the first half of 2009.
Andrea Moneta joined Aviva in July 2008 to lead Aviva’s European operations outside the UK. He has extensive experience in European financial services. Before joining Aviva, Andrea was managing director of Dubai Financial Group. He also held senior executive positions with UniCredit, including group CFO, and previously worked for the European Central Bank and Accenture.
Lord Sharman, chairman of Aviva, comments: “I am delighted that Andrea will join the board. Andrea’s deep experience in European financial services and his understanding of banking partnerships is a real asset as we develop Aviva internationally and further strengthen our bancassurance capability.”
Andrew Moss, group chief executive, comments: “Andrea is leading the transformation of Aviva’s European business. He is an outstanding leader whose entrepreneurial approach, vision, and track record in financial services will help Aviva realise its full potential in Europe.”
Aviva will hold a presentation to investors on plans for its European business on 22 October.
